+++
Rank Name of Bank Executive Title Age Name of Bank
1 Joel B. Alvord (a) Chairman 58 Fleet Financial Group
2 Frank N. Newman Chairman & President 54 Bankers Trust NY Corp.
3 Walter V. Shipley Chairman 61 Chase Manhattan Corp.
4 J. Carter Bacot Chairman 64 Bank of New York Co.
5 James E. Virtue (b) Sr Vice President 36 Bankers Trust NY Corp.
6 Thomas G. Labrecque President 58 Chase Manhattan Corp.
7 Charles M. Cawley President 56 MBNA Corp.
8 Charles E. Rice Chairman 61 Barnett Banks Inc.
9 Alfred Lerner Chairman 63 MBNA Corp.
10 Hugh L. McColl Jr. (c) Chairman 61 NationsBank Corp.
11 Edward D. Miller Senior Vice Chairman 56 Chase Manhattan Corp.
12 David A. Coulter Chairman 49 BankAmerica Corp.
13 John S. Reed Chairman 58 Citicorp
14 William B. Harrison, Jr. Vice Chairman 53 Chase Manhattan Corp.
15 John R. Cochran, 3d Executive Vice President 45 MBNA Corp.
16 J. Terrence Murray President 57 Fleet Financial Group
17 Richard M. Kovacevich President 53 Norwest Corp.
18 Edward E. Crutchfield, Jr. Chairman 55 First Union Corp.
19 Thomas A. Renyi President 51 Bank of New York Co.
20 Douglas A. Warner 3d Chairman & President 50 J.P. Morgan & Co.
21 R. Kelly Doherty (b) Sr V President 38 Bankers Trust NY Corp.
22 Yves C. de Balmann (b) Sr VPresident 51 Bankers Trust NY Corp.
23 Charles K. Gifford Chief Executive Officer 54 BankBoston Corp.
24 Roberto G. Mendoza Vice Chairman 51 J.P. Morgan & Co. Inc.
25 Paul Hazen Chairman 55 Wells Fargo & Co.
26 Bruce L. Hammonds Executive Vice President 48 MBNA Corp.
27 Richard H. Daniel (b) Exec VPresident 50 Bankers Trust NY Corp.
28 John B. McCoy Chairman 53 Banc One Corp.
29 Samuel F. Chevalier (d) Vice Chairman 63 Bank of NY Co.
30 Kurt F. Viermetz Vice Chairman 57 J.P. Morgan & Co. Inc.
31 Kenneth D. Lewis President 50 NationsBank Corp.
32 James H. Hance Jr. Vice Chairman 52 NationsBank Corp.
33 M. Scot Kaufman Executive Vice President 47 MBNA Corp.
34 Henrique de Campos Meirelles (e) President 51 BankBoston Corp.
35 Deno D. Papageorge Sr Exec Vice President 58 Bank of NY Co.
36 Thomas H. O'Brien Chairman 60 PNC Bank Corp.
37 Frank V. Cahouet Chairman & President 65 Mellon Bank Corp.
38 John R. Georgius Vice Chairman 52 First Union Corp.
39 Michael E. Patterson Vice Chairman 55 J.P. Morgan & Co. Inc.
40 Nicholas A. Lopardo Executive Vice President 51 State Street
41 John F. Grundhofer Chairman & President 58 First Bank System Inc.
42 Anthony Terracciano (b) President 58 First Union Corp.
43 Verne G. Istock (f) Chairman & President 56 First Chicago NBD
44 John A. Mayer, Jr. Chief Financial Officer 57 J.P. Morgan & Co.
45 Alan R. Griffith Vice Chairman 55 Bank of NY Co.
46 William F. Zuendt President 50 Wells Fargo & Co.
47 Fredric J. Figge, 2d Chairman, Corporate Risk Policy 60 NationsBank
48 Byron E. Hodnett Chairman of subsidiary 52 First Union Corp.
49 Eugene A. Miller Chairman 59 Comerica Inc.
50 Allen L. Lastinger Jr. President 54 Barnett Banks Inc.
51 J. Stanley Mackin Chairman 64 Regions Financial Corp.
52 Thomas E. Peterson Vice Chairman 61 BankAmerica Corp.
53 Gerry B. Cameron Chairman 58 U.S. Bancorp
54 Wallace D. Malone Jr. Chairman 60 SouthTrust Corp.
55 William M. Crozier Jr. (h) Chairman 64 BankBoston Corp.
56 F. William Vandiver Jr. President Global Finance 55 NationsBank
57 Allen L. Davis President 55 "Provident Bancorp, Inc. "
58 Leslie S. Biller Executive Vice President 49 Norwest Corp.
59 Michael J. Murray Vice Chairman 52 BankAmerica Corp.
60 Martin A. Stein Vice Chairman 56 BankAmerica Corp.
61 Robert A. McCormick President 60 Trustco Bank Corp NY
62 Kenneth R. Murray Executive Vice President 58 Norwest Corp.
63 Li-Pei Wu Chairman & President 62 GBC Bancorp
64 Jerry A. Grundhofer Chairman & President 53 Star Banc Corp.
65 George A. Schaefer, Jr. President 51 Fifth Third Bancorp
66 Walter H. Weiner Chairman 66 Republic NY Corp.
67 H. Marshall Schwarz Chairman 60 U.S. Trust Corp.
68 Daniel A. Saklad Executive Vice President 54 Norwest Corp.
69 Michael O'Neill Vice Chairman 50 BankAmerica Corp.
70 James H. Cleave President 54 HSBC Americas Inc.
71 Frank Wobst Chairman 63 Huntington Bancshares Inc.
72 Dov C. Schlein Vice Chairman 49 Republic NY Corp.
73 James E. Rohr President 48 PNC Bank Corp.
74 Marshall N. Carter Chairman 56 State Street Corp.
75 Elias Saal Vice Chairman 44 Republic NY Corp.
76 T. Joseph Semrod Chairman 60 Summit Bancorp
77 Richard L. Lehmann President 52 Banc One Corp.
78 Robert W. Gillespie Chairman & President 52 KeyCorp
79 Richard G. Tilghman Chairman 56 Crestar Financial Corp.
80 J.B. Wigdale Chairman 60 Marshall & Ilsley Corp.
81 Robert J. Higgins Vice Chairman 51 Fleet Financial Group
82 C. Dowd Ritter (i) Chairman & President 49 AmSouth Bancorporation
83 "Walter A. Dods, Jr. " Chairman 55 First Hawaiian Inc.
84 John Adam Kanas Chairman & President 50 North Fork Bancorporation
85 Thomas H. Jacobsen Chairman & Pres 57 Mercantile Bancorporation
86 Gunnar S. Overstrom Vice Chairman 54 Fleet Financial Group
87 H. Jay Sarles Vice Chairman 51 Fleet Financial Group
88 James R. Campbell Executive Vice President 54 Norwest Corp.
89 James H. Blanchard Chairman 55 Synovus Financial Corp
90 Gary J. Scheuring (b,j) Vice Chairman 57 PNC Bank Corp.
91 Paul J. Collins Vice Chairman 60 Citicorp
92 William R. Rhodes Vice Chairman 61 Citicorp
93 H. Onno Ruding Vice Chairman 57 Citicorp
94 William I. Campbell (b) Executive Vice President 53 Citicorp
95 Cyril S. Dwek Vice Chairman 60 Republic NY Corp.
96 Lawrence M. Johnson Chairman 56 Bancorp Hawaii Inc.
97 Michael T. Monahan President 58 Comerica Inc.
98 Peter J. Tobin Chief Financial Officer 53 Chase Manhattan Corp.
99 Rodney L. Jacobs Vice Chairman 56 Wells Fargo & Co.
100 David J. Wagner Chairman & President 42 Old Kent Financial Corp.
Annual Compensation
Rank Name of Bank Executive Total 1996 Total 1995 % Change
Long-Term Pay Grand Total
1 Joel B. Alvord (a) $15,543,800 $4,040,338 284.7 $1,076,625
$16,620,425
2 Frank N. Newman 5,673,800 861,100 558.9 4,592,400 10,266,200
3 Walter V. Shipley 5,670,263 3,256,000 74.2 3,722,500 9,392,763
4 J. Carter Bacot 5,510,764 4,897,884 12.5 0 5,510,764
5 James E. Virtue (b) 5,377,300 ............... ....... 6,546,200
11,923,500
6 Thomas G. Labrecque 5,250,407 3,508,613 49.6 2,069,688 7,320,095
7 Charles M. Cawley 4,722,015 3,114,100 51.6 1,585,000 6,307,015
8 Charles E. Rice 4,521,756 1,683,997 168.5 1,847,812 6,369,568
9 Alfred Lerner 4,515,000 2,780,000 62.4 1,585,000 6,100,000
10 Hugh L. McColl Jr. (c) 4,205,170 3,655,855 15 0 4,205,170
11 Edward D. Miller 3,816,774 2,456,000 55.4 2,768,438 6,585,212
12 David A. Coulter 3,645,945 1,845,034 97.6 1,412,500 5,058,445
13 John S. Reed 3,554,667 4,378,000 -18.8 0 3,554,667
14 William B. Harrison, Jr. 3,531,802 2,206,000 60.1 2,353,906
5,885,708
15 John R. Cochran, 3d 3,440,776 1,758,560 95.7 792,500
16 J. Terrence Murray 3,426,343 3,047,109 12.5 1,196,250 4,622,593
17 Richard M. Kovacevich 3,324,510 3,211,841 3.5 814,000 4,138,510
18 Edward E. Crutchfield, Jr. 3,305,882 2,776,706 19.1 2,020,000
5,325,882
19 Thomas A. Renyi 3,273,390 2,496,187 31.1 0 3,273,390
20 Douglas A. Warner 3d 3,264,151 2,434,577 34.1 5,562,813
21 R. Kelly Doherty (b) 3,093,800 ............... .......
7,413,100
22 Yves C. de Balmann (b) 3,087,000 ............... .......
4,319,300 7,406,300
23 Charles K. Gifford 3,052,425 2,240,114 36.3 721,406 3,773,831
24 Roberto G. Mendoza 3,003,249 2,117,534 41.8 3,772,531 6,775,780
25 Paul Hazen 2,946,061 2,894,041 1.8 0 2,946,061
26 Bruce L. Hammonds 2,888,151 1,755,222 64.6 792,500 3,680,651
27 Richard H. Daniel (b) 2,856,100 ............... .......
5,911,200
28 John B. McCoy 2,695,986 2,508,885 7.5 1,017,897 3,713,883
29 Samuel F. Chevalier (d) 2,694,342 2,291,789 17.6 0 2,694,342
30 Kurt F. Viermetz 2,642,000 2,110,300 25.2 1,800,000 4,442,000
31 Kenneth D. Lewis 2,633,750 2,031,500 29.7 0 2,633,750
32 James H. Hance Jr. 2,533,750 1,931,500 31.2 0 2,533,750
33 M. Scot Kaufman 2,420,460 1,466,163 65.1 891,868 3,312,328
34 Henrique de Campos Meirelles (e) 2,355,876 1,738,675 35.5 0
2,355,876
35 Deno D. Papageorge 2,324,827 1,954,347 19 0 2,324,827
36 Thomas H. O'Brien 2,306,706 1,759,703 31.1 0 2,306,706
37 Frank V. Cahouet 2,296,217 1,761,005 30.4 2,396,540 4,692,757
38 John R. Georgius 2,283,536 1,788,105 27.7 1,454,750 3,738,286
39 Michael E. Patterson 2,259,590 1,540,250 46.7 1,507,500
40 Nicholas A. Lopardo 2,209,563 1,411,873 56.5 590,732 2,800,295
41 John F. Grundhofer 2,130,275 1,878,531 13.4 0 2,130,275
42 Anthony Terracciano (b) 2,121,441 ............... .......
2,911,191
43 Verne G. Istock (f) 2,077,677 1,368,088 51.9 854,740 2,932,417
44 John A. Mayer, Jr. 1,958,212 1,547,313 26.6 1,282,500
45 Alan R. Griffith 1,912,881 1,646,348 16.2 0 1,912,881
46 William F. Zuendt 1,878,355 1,801,780 4.3 0 1,878,355
47 Fredric J. Figge, 2d 1,853,125 1,613,938 14.8 0 1,853,125
48 Byron E. Hodnett 1,841,433 1,000,148 84.1 808,000 2,649,433
49 Eugene A. Miller 1,799,425 1,225,602 46.8 128,346 1,927,771
50 Allen L. Lastinger Jr. 1,773,335 1,548,430 14.5 923,906
2,697,241
51 J. Stanley Mackin $1,771,961 $1,472,858 20.3 $2,463,985
$4,235,946
52 Thomas E. Peterson 1,760,195 1,433,000 22.8 1,412,500 3,172,695
53 Gerry B. Cameron 1,744,583 1,434,592 21.6 1,409,102 3,153,685
54 Wallace D. Malone Jr. 1,739,776 1,221,906 42.4 908,445
2,648,221
55 William M. Crozier Jr. (h) 1,723,786 1,060,353 62.6 0
56 F. William Vandiver Jr. 1,696,375 1,043,000 62.6 0 1,696,375
57 Allen L. Davis 1,674,564 1,418,634 18 0 1,674,564
58 Leslie S. Biller 1,633,218 1,607,832 1.6 508,750 2,141,968
59 Michael J. Murray 1,626,257 1,319,688 23.2 1,412,500 3,038,757
60 Martin A. Stein 1,608,528 1,254,234 28.3 1,412,500 3,021,028
61 Robert A. McCormick 1,604,313 1,441,614 11.3 0 1,604,313
62 Kenneth R. Murray 1,599,844 1,529,494 4.6 0 1,599,844
63 Li-Pei Wu 1,595,122 651,315 144.9 0 1,595,122
64 Jerry A. Grundhofer 1,587,130 1,504,027 5.5 0 1,587,130
65 George A. Schaefer, Jr. 1,586,352 1,292,946 22.7 0 1,586,352
66 Walter H. Weiner 1,557,423 968,398 60.8 471,700 2,029,123
67 H. Marshall Schwarz 1,556,274 1,051,846 48 1,111,310 2,667,584
68 Daniel A. Saklad 1,550,450 1,485,616 4.4 0 1,550,450
69 Michael O'Neill 1,545,944 943,750 63.8 0 1,545,944
70 James H. Cleave 1,543,396 1,412,319 9.3 0 1,543,396
71 Frank Wobst 1,541,075 1,311,308 17.5 433,975 1,975,050
72 Dov C. Schlein 1,517,736 762,648 99 462,800 1,980,536
73 James E. Rohr 1,514,561 1,094,961 38.3 0 1,514,561
74 Marshall N. Carter 1,507,656 1,210,251 24.6 1,772,196 3,279,852
75 Elias Saal 1,498,136 959,614 56.1 436,100 1,934,236
76 T. Joseph Semrod 1,479,976 1,283,585 15.3 591,850 2,071,826
77 Richard L. Lehmann 1,472,225 1,214,672 21.2 613,416 2,085,641
78 Robert W. Gillespie 1,472,063 1,268,141 16.1 378,909 1,850,972
79 Richard G. Tilghman 1,463,766 1,232,559 18.8 0 1,463,766
80 J.B. Wigdale 1,437,679 1,068,324 34.6 0 1,437,679
81 Robert J. Higgins 1,435,900 1,324,790 8.4 0 1,435,900
82 C. Dowd Ritter (i) 1,435,288 936,702 53.2 2,428,458 3,863,746
83 Walter A. Dods, Jr. 1,395,921 1,148,323 21.6 0 1,395,921
84 John Adam Kanas 1,391,862 1,066,335 30.5 1,020,000 2,411,862
85 Thomas H. Jacobsen 1,388,144 1,158,675 19.8 586,506 1,974,650
86 Gunnar S. Overstrom 1,385,014 2,448,649 -43.4 0 1,385,014
87 H. Jay Sarles 1,371,623 1,341,850 2.2 598,125 1,969,748
88 James R. Campbell 1,361,179 1,186,255 14.7 0 1,361,179
89 James H. Blanchard 1,355,933 1,073,601 26.3 350,622 1,706,555
90 Gary J. Scheuring (b,j) 1,350,965 ............... ....... 0
1,350,965
91 Paul J. Collins 1,348,000 1,589,167 -15.2 0 1,348,000
92 William R. Rhodes 1,348,000 1,580,333 -14.7 0 1,348,000
93 H. Onno Ruding 1,348,000 1,589,167 -15.2 0 1,348,000
94 William I. Campbell (b) 1,336,741 ............... ....... 0
1,336,741
95 Cyril S. Dwek 1,302,736 757,648 71.9 0 1,302,736
96 Lawrence M. Johnson 1,280,715 1,104,250 16 3,550 1,284,265
97 Michael T. Monahan 1,251,750 885,284 41.4 87,759 1,339,509
98 Peter J. Tobin 1,248,146 1,056,000 18.2 1,201,016 2,449,162
99 Rodney L. Jacobs 1,235,855 1,174,071 5.3 0 1,235,855
100 David J. Wagner 1,202,869 760,113 58.2 277,095 1,479,964
Totals for the Top 100 highest paid bankers in 1996 241,889,068
160,473,783 38.6 (k) 93,725,467 335,614,535
